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cliff. that's something that's kicked down the road as they try to deal with the tax numbers. >> sounds like fun. thanks so much, peter and mike. and straight ahead this afternoon, the real cost of continued silence about the fiscal cliff from our leaders in washington. their failure to lead speaks volumes. but what does it really mean for your bottom line? straight talk from "fortune" magazine. that's next. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. with a new project in mind, some how-to knowledge to give
cliff. that's something that's kicked down the road as they try to deal with the tax numbers. >> sounds like fun. thanks so much, peter and mike. and straight ahead this afternoon, the real cost of continued silence about the fiscal cliff from our leaders in washington. their failure to lead speaks volumes. but what does it really mean for your bottom line? straight talk from "fortune" magazine. that's next. [ male announcer ] it's that time of year again. time for citi price...
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cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end of the session. investors cheering news in a decline in jobless claims, and household wealth in the country grew by $1.7 trillion, to the highest level in five years, talk about a positive indicator for consumer purchasing. the dow jones industrial up 40 points, the s&p up five, and nasdaq rose 15.5 points. volume? a billion shares lighter than yesterday, but above the average of 3.1 billion trading on the board today. apple rebounded from yesterday's worst date performance in four years, a gain of $8.45 today with the ceo saying apple will move imac computer production to the country in the new year. garmin stock higher to replace rr donly in the s&p 500, the stock mo
cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end of the session. investors cheering news in a decline in jobless claims, and household wealth in the country grew by $1.7 trillion, to the...
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. >> this is something very, very quickly on the talks. the fiscal cliff. how many "meet the press"s do we have left? >> we may have a lot. my indications from the hill and the white house, you are probably hearing this. they really are dug in on they have to give on rates first. >> they don't want to negotiate? >> they don't want to negotiate on medicare to find out they won't negotiate on the taxes. they can do a middle class tax deal and delay the sequester. they could avoid the deadline. >> good news for every sunday. >> i do think people have a high level of frustration with this. >> cynicism. you see it. the public gets it and they are not happy about it. >> thanks. >> congratulations and ebook. i will download it now, i promise. from nbc publishing is available on your ipad and ipad minis. >> i love it. it saved my life. >> you could watch "meet the press" on your local station. quickly before we go to break, opening bell just rang on wall street. the market starting in positive territory. everyone anticipating the announcement of qe 4. the fed chair
. >> this is something very, very quickly on the talks. the fiscal cliff. how many "meet the press"s do we have left? >> we may have a lot. my indications from the hill and the white house, you are probably hearing this. they really are dug in on they have to give on rates first. >> they don't want to negotiate? >> they don't want to negotiate on medicare to find out they won't negotiate on the taxes. they can do a middle class tax deal and delay the sequester....
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>> no one wants to go over the fiscal cliff. worse would be for the president to sign a bad bill. >> all right. alan krueger, chairman of the president's counscil on economi advisers. mr. krueger, nice to see you that month. i'll see you next month, i promise. >> thank you, chuck. >>> trivia time, jim demint's decision to step down 0 means south carolina will have two seats on the ballot in 2014. who was elected the last time both of south carolina's senate seats were on the ballot in the same election? strom thurmond, of course, and the longest serving junior senator perhaps in the history of america, fritz hollings. senator thurmond won re-election and hollings, the form earp governor at the time, won a special to fill a seat left empty when johnston died. we'll be right back. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's no
>> no one wants to go over the fiscal cliff. worse would be for the president to sign a bad bill. >> all right. alan krueger, chairman of the president's counscil on economi advisers. mr. krueger, nice to see you that month. i'll see you next month, i promise. >> thank you, chuck. >>> trivia time, jim demint's decision to step down 0 means south carolina will have two seats on the ballot in 2014. who was elected the last time both of south carolina's senate seats were...
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Dec 17, 2012
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. >> in the recent talks to avoid the so-called fiscal cliff john boehner insists the president has been singing a different tune. >> it is clear the president is not serious cutting spending. but spend something the problem. >> you hear the talking heads every day the back and forth every day. but have you tried recently to get your head around how much the federal government doles out every day? >> when it comes to government spending what's the very basic math of the problem we have gotten ourselves into? each day dug the month of november the government brought in a little more than $5 billion of revenue. that's a lot of money. we spend more than 11 billion a day. the difference as you can clearly sees roughly $6 billion. how can we keep spending more than we take in? economists we talk to said it's simple, we can't. the government am spends more than $11 billion a day. where does the majority of that money go? here are the top four out lays at the top of the list department of health and human services which goes through 3 billion of tax dollars a day. social security is a close sec
. >> in the recent talks to avoid the so-called fiscal cliff john boehner insists the president has been singing a different tune. >> it is clear the president is not serious cutting spending. but spend something the problem. >> you hear the talking heads every day the back and forth every day. but have you tried recently to get your head around how much the federal government doles out every day? >> when it comes to government spending what's the very basic math of the...
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Dec 6, 2012
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cliff. what the president does not want to talk about. plus senator jim demint is here to tell you why he is leighing the senate. this is "special report." this is "special report." ♪ ♪ good evening >> good evening. i'm bret baier. much of the public debate focuses on taxes. democrat want to raise them on high earners. republicans don't. but there is another part of the equation that gets less attention. that is spending cuts. chief white house correspondent ed henry looks in to that tonight. >> reporter: pulling on the heart strings as if he were back on the campaign trail, president obama visited middle class family in virginia. >> a couple of thousand dollars means a couple months' rent for this family. >> once again, he was trying to frame the battle oaf the fiscal cliff as being all about taxes. with no mention of spending cuts. >> i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get s
cliff. what the president does not want to talk about. plus senator jim demint is here to tell you why he is leighing the senate. this is "special report." this is "special report." ♪ ♪ good evening >> good evening. i'm bret baier. much of the public debate focuses on taxes. democrat want to raise them on high earners. republicans don't. but there is another part of the equation that gets less attention. that is spending cuts. chief white house correspondent ed...
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we started talking about the issue of fiscal cliff and how we're going to fill our coffers. one of the fastest way to make sure you earn revenue is by passing comprehensive immigration. everyday workers are actually competitive. come on. >> more taxpayers. that's expanding the tax base, come on. >> it's a good thing. >> but i think we can't underscore enough the importance for the republican party, i mean, they have done miserably with latino voters. so they clearly have to be on board for this to work. i want to play something that the president said during the campaign about the republicans and immigration. let's take a listen. >> if they have seen that people who care about this issue have turned out in strong numbers, that they will rethink it if not because it's the right thing to do, at least because it's in their political interest to do so. >> people turned nout strong numbers. there is a political interest when you talk about taxes. is that going to mean the republicans are going to do the right thing or are going to do what's in their best political interest to do?
we started talking about the issue of fiscal cliff and how we're going to fill our coffers. one of the fastest way to make sure you earn revenue is by passing comprehensive immigration. everyday workers are actually competitive. come on. >> more taxpayers. that's expanding the tax base, come on. >> it's a good thing. >> but i think we can't underscore enough the importance for the republican party, i mean, they have done miserably with latino voters. so they clearly have to be...
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cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling, period. >> the fiscal cliff talks reached a new low yesterday when, somehow, the new york jets got dragged into it on the senate floor. >> it's not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan, he's got a problem. he has three quarterbacks, sanchez, he's got tim tebow, he's got another guy. he can't decide who their quarterback is going to be. that's the same problem republicans are having. romney's gone, but he's still in the background. we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's some confusion about who the qua
cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling, period. >> the fiscal cliff talks...
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along, house minority leader nancy pelosi is going to talk with andrea mitchell about the fiscal cliff and her call for the ban on magazine clips. that's coming up here at 1:00 on msnbc. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> it's the president's job to promote a plan that fixes -- that satisfies the needs of the country. he is the commander in chief. he's the consoler in chief. but he's the commander in chief. and whether the legislation that he proposes gets passed or not, that's not -- that shouldn't be his first consideration. >> one day after new york mayor michael bloomberg stood in a room flanked by victims of gun violence and their families. he spoke on "morning joe" calling for the president to move towards change. saying change needs to happen at
along, house minority leader nancy pelosi is going to talk with andrea mitchell about the fiscal cliff and her call for the ban on magazine clips. that's coming up here at 1:00 on msnbc. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before...
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the problem with the fiscal cliff is for most voters in this country, it's not a real crisis. it's a phony crisis. it's something like the end of the world that was supposed to happen yesterday that didn't happen. it was a crisis created by congress and we're not really likely to see serious action on deficit and debt reduction, unless and until the crisis hits people in the face and they say to their representatives you'd better do something or else and then they'll act. >> always a pleasure, bill schneider and jonathan allen with his article out as we were talking about just today. thank you so much for stopping by. >> thanks, richard. >>> several funerals were held today for the victims of the newtown shooting. this is video from josephine's funeral in newtown. she turned 7 just before the shooting. executive vice president blamed the media and violent video games for violence in society. >> there exists in this country, sadly, a callous, corrupt and corrupting shadow in industry that sells and stows violence against its own people. through vicious, violent video games with
the problem with the fiscal cliff is for most voters in this country, it's not a real crisis. it's a phony crisis. it's something like the end of the world that was supposed to happen yesterday that didn't happen. it was a crisis created by congress and we're not really likely to see serious action on deficit and debt reduction, unless and until the crisis hits people in the face and they say to their representatives you'd better do something or else and then they'll act. >> always a...
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. >> as a member of the senate, you have to work tomorrow, presumably on the fiscal cliff, should the house republicans, the leadership, call that body back into session? >> well, i think speaker boehner will be in on the negotiations, and he will know when something might go through the senate, and he will certainly call the house in time to address this. they are prepared to go back, but right now, the action is in the senate, and i know that we're all trying to come up with and talk to our colleagues about some kind of way to avoid this massive increase in taxes that would occur if we don't act. and the things that are going on beneath the surface, i think, are important in the senate side, and i know the speaker will call them back when it's necessary. >> on a different issue, you're from a border state, you're, obviously, retiring soon. immigration, it's something that your party tried to accomplish under george w. bush, was not able to. as someone who can sort of speak freely about it, what's going to need to happen -- what's going to need to be seen from republicans and democra
. >> as a member of the senate, you have to work tomorrow, presumably on the fiscal cliff, should the house republicans, the leadership, call that body back into session? >> well, i think speaker boehner will be in on the negotiations, and he will know when something might go through the senate, and he will certainly call the house in time to address this. they are prepared to go back, but right now, the action is in the senate, and i know that we're all trying to come up with and...
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the potential of a debt ceiling crisis again in january, as soon as january, the fiscal cliff, the payroll tax extension, the unemployment, long-term unemployment benefits which woulds also expire if they do nothing, they will do something, but there's so much uncertainty, a lot of pent up demand and hiring that could give us a real spurt if this thing gets resolved in a good way? >> i think there is. in fact, there's a few interesting signs inside this report of exactly that. if you look at the industries that sell mostly to consumers like retail trade, like leisure and hospitality, they had very big gains in jobs in last month and the month before that. that suggests that consumers themselves are not thinking much about the fiscal cliff or letting it affect their plans. but the industries that deal a lot with businesses, those, for example, that produce machinery, other long lived durable goods, those in construction, might be building houses or office buildings, they're laying people off. if we end up going over the cliff it's hard to believe that consumer confidence will hang in there
the potential of a debt ceiling crisis again in january, as soon as january, the fiscal cliff, the payroll tax extension, the unemployment, long-term unemployment benefits which woulds also expire if they do nothing, they will do something, but there's so much uncertainty, a lot of pent up demand and hiring that could give us a real spurt if this thing gets resolved in a good way? >> i think there is. in fact, there's a few interesting signs inside this report of exactly that. if you look...
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but the main thing i will say about the fiscal cliff is that in its totality, it is really more of our revenues and spending. and then to an extent is about spending. the impact on states is pretty isolated and small in the scheme of the fiscal cliff. although, for the programs affected by state is significant. that is where states have focused their planning on the collection of programs that would be subject to a sequester of 8.2% or 7.6%, current estimates. host: we will delve into data a little bit. a person might want to show our viewers what one governor had to say. a few governors came out to washington and met with the president to talk about their concerns. here's what governor mary fallen, republican from oklahoma, had to say after that meeting. [video clip] >> we want to be a part of a solution to the problems facing our nation is a much to be able to address some of the concerns around state budgets. and certainly, we understand that the discussions being held around federal cuts, whether taxes or tax reform, whether it is spending here on capitol hill, whether it is seques
but the main thing i will say about the fiscal cliff is that in its totality, it is really more of our revenues and spending. and then to an extent is about spending. the impact on states is pretty isolated and small in the scheme of the fiscal cliff. although, for the programs affected by state is significant. that is where states have focused their planning on the collection of programs that would be subject to a sequester of 8.2% or 7.6%, current estimates. host: we will delve into data a...
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i don't understand why you'd want to start the presidency with the potential of going over a fiscal cliff that could potentially put us into a recession. why not work a deal for the short term. why not look to do something more broad based next year? >> it would be been good to do it two months ago but the reality is, there's always risk. realistically if we take 5 to be 10, 20 days. the markets panic over everything. i assume these are rational actors. even if the market goes down 3 or 4%, markets fluctuate all the time. it goes down one day and back the next week and the impact on the economy is the same thing as my decision to go out to dinner next week. >> i disagree with that statement. it goes down 3 or 4% and then a lot of wealth has been destroyed. >> but it comes back. >> not necessarily for those same people. i explain that to my mother all the time. 100 points up or 100 points down is not flat. >> with all due respect to our representatives, they have a dismal record on what would cause a crisis and i don't think we should trust their predictions that'sing it would be okay. and
i don't understand why you'd want to start the presidency with the potential of going over a fiscal cliff that could potentially put us into a recession. why not work a deal for the short term. why not look to do something more broad based next year? >> it would be been good to do it two months ago but the reality is, there's always risk. realistically if we take 5 to be 10, 20 days. the markets panic over everything. i assume these are rational actors. even if the market goes down 3 or...
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up so we can make sure we don't go over the fiscal cliff. make sure we have certainty for the middle class and all of the burden of the solution can't be balanced on the back of the middle class. >> 11 days to get it together. >> got to get it done. >> debbie wasserman schultz, thank you for being with us. >> thank you. >> thank you likewise and happy holidays. >>> speaker boehner will hold a press conference at 10:00 a.m. this morning. no word exactly on what he's going to cover. we can imagine what some of the questions will be about. we'll get more details on the news conference and bring it to you in the hours ahead. >>> still ahead this morning, an olympic athlete leading a double life. what this all-star runner was charging for. and it wasn't running lessons. we're at walmart with the simmons family. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the
up so we can make sure we don't go over the fiscal cliff. make sure we have certainty for the middle class and all of the burden of the solution can't be balanced on the back of the middle class. >> 11 days to get it together. >> got to get it done. >> debbie wasserman schultz, thank you for being with us. >> thank you. >> thank you likewise and happy holidays. >>> speaker boehner will hold a press conference at 10:00 a.m. this morning. no word exactly on...
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everybody says let's avoid going over the fiscal cliff. this is one of the demands that the republicans have made. i don't like it. don't think the president prefers it. i know he doesn't. but everyone is trying to find a way to get to it except our republican colleagues. even after the president put this on the table, they decided to walk away with plan "b." >> the republicans say they may have a vote on plan "b" on thursday. it would raise taxes for those making $1 million and above. what does this mean? >> this is another effort by speaker boehner to minimize the impact on high-income earners, plan "b" would give millionaires a $24,000 tax break, relative to what the president is proposing now at $400,000. another way to provide benefits and relief to very high-income individuals, and by leaving the cuts in place, it would mean that working americans, our kids' education, programs for nutrition, for moms and kids, would take a big hit, even as they continue to protect the tax breaks for high-income individuals. and so as the president h
everybody says let's avoid going over the fiscal cliff. this is one of the demands that the republicans have made. i don't like it. don't think the president prefers it. i know he doesn't. but everyone is trying to find a way to get to it except our republican colleagues. even after the president put this on the table, they decided to walk away with plan "b." >> the republicans say they may have a vote on plan "b" on thursday. it would raise taxes for those making $1...
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. >> brian: then stuart varney says there is something really familiar about the fiscal cliff deal being offered by the white house. from the unions. >> steve: jimmy fallon, good morning. >> political news here. yesterday president obama and john boehner talked about the fiscal cliff for 45 minutes, but the white house will not release a transcript of their conversation. however, they did offer to are joe biden reenact it with puppet s [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity a. man: okay, no problem. it's easy to get started; i can help you with the paperwork. um...ts green line just appeared on my floor. yeah, that's fidelity helping you reach your financial goals. could you hold on a second? it's your money. roll over your old 401(k) into a fi
. >> brian: then stuart varney says there is something really familiar about the fiscal cliff deal being offered by the white house. from the unions. >> steve: jimmy fallon, good morning. >> political news here. yesterday president obama and john boehner talked about the fiscal cliff for 45 minutes, but the white house will not release a transcript of their conversation. however, they did offer to are joe biden reenact it with puppet s [ woman ] ring. ring. progresso. i just...
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cliff. meanwhile, on gun control several pro gun democratic senators led by joe manchin of west virginia, mark warner of virginia coming out yesterday saying now is the time to do something about gun violence, particularly to renew the ban on assault weapons. republican senators however remain silent. unfortunately so does the white house. the president still refusing to put forward any list of gun control measures he would support. why not? enough talk. now's the time for action. we'll talk more about that here on the "full court press" today. first, take a little time out to get the latest, today's current news update, lisa ferguson standing by in los angeles. lisa, good morning. >> hi, bill. good morning everyone. hawaii and the nation are mourning the loss of a leader after the passing of senator daniel inouye. the 88-year-old died of complications from a respiratory illness after representing ha hawaii in congress since the beginning of its statehood more than 50 years ago. neil abercro
cliff. meanwhile, on gun control several pro gun democratic senators led by joe manchin of west virginia, mark warner of virginia coming out yesterday saying now is the time to do something about gun violence, particularly to renew the ban on assault weapons. republican senators however remain silent. unfortunately so does the white house. the president still refusing to put forward any list of gun control measures he would support. why not? enough talk. now's the time for action. we'll talk...
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it comes around the issue of the fiscal cliff talks about what the party wants to be. whether there's going to be a tea party 2 or whether there's something of a vacuum that doesn't get filled with demint leaving the senate. >> all right. david, thank you so much. we'll be watching "meet the press" this sunday as we do every sunday. eugene, thank you as well. your latest column online at washingtonpost.com. >> guard that mustache, gene. >> i'm going to guard it with my life. >> and congressman emanuel cleaver, great to have you on set with us. >>> coming up, nbc chief white house correspondent chuck todd. and later in the show, "the economist" crunched the numbers and came up with the best countries to be born in in 2013. and the united states does not top their list. we'll find out who does ahead on "morning joe." [ male announcer ] there are plenty of reasons to be jolly at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependability with the legendary silverado... and more s
it comes around the issue of the fiscal cliff talks about what the party wants to be. whether there's going to be a tea party 2 or whether there's something of a vacuum that doesn't get filled with demint leaving the senate. >> all right. david, thank you so much. we'll be watching "meet the press" this sunday as we do every sunday. eugene, thank you as well. your latest column online at washingtonpost.com. >> guard that mustache, gene. >> i'm going to guard it with...
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are you hearing that social security might be something that's also included in the fiscal cliff deal? >> well, i'm hearing the democrats want to block that. they don't want the social security part of the deal. but the republicans are kind of insisting on it. that puts the white house in kind of a difficult position. that's one of the many issues holding up this deal right now. >> the political leverage in all of this, of course, some head pulling, indicating republicans would bear most of the blame if we go over the so-called cliff. last week's survey found that 21% of americans would blame president obama and the democrats. 23% say they would blame the republicans. 52% would be annoyed with both parties equally. is it really clear at this point who would be blamed? >> i think the -- >> i'm sorry. excuse me. >> it's okay. i think members of congress bear the brunt of this, especially the house. they're going to be the odd man out. i think in the end voters, if the deal does not happen, the house will carry a lot of blame for it. >> two member numbers very imp 39.6%, 35%. the preside
are you hearing that social security might be something that's also included in the fiscal cliff deal? >> well, i'm hearing the democrats want to block that. they don't want the social security part of the deal. but the republicans are kind of insisting on it. that puts the white house in kind of a difficult position. that's one of the many issues holding up this deal right now. >> the political leverage in all of this, of course, some head pulling, indicating republicans would bear...